The Financial Action Task Force (FATF) has improved Australia’s anti-money laundering (AML) rating. 

The FATF has re-rated the country on seven of the 40 recommendations as a result of Australia’s progress in strengthening its framework to tackle money laundering and terrorist financing since its 2015 mutual evaluation. 

Australia has been in an enhanced follow-up process, following the adoption of the FATF-APG mutual evaluation, which assessed the effectiveness of Australia’s anti-money laundering and counter-terrorist financing (AML/CFT) measures and the country’s compliance with the FATF recommendat...